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What are the best cities for Bitcoin entrepreneurs?

I've been working on several Bitcoin-related projects since last fall, and I'm considering a move from Boston to a better hotbed of Bitcoin activity. Right now, I think SF (as usual) is the top destination for tech entrepreneurs, followed by NYC (because btc is a fintech) but then the pecking order is unclear.

Anyone have feedback on what it's like in other major bitcoin hubs like like Austin, LA, or Seattle?

Always happy to chat bitcoin with anyone off-thread as well. :)

7 Replies

Gergely Imreh
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Gergely Imreh Entrepreneur
Physicist at Large
If you are thinking outside of the US too, Asia has a lot of development. Here in Taiwan many things are on the move, and apparently there's are lot more coins in the economy as it seems at first glance (loads of mining operations, even minding datacenters, they have to do something with the coins). This couples with an early stage software development environment, where the first startups are just emerging (exchange, consumer, b2b services). It will be exciting times. [Source: setting up the first Lamassu machine, and POS services]

HK seem to be ahead in people doing projects in a way, but the quality is dubious. Other countries like the Philippines, Japan, Singapore have under-the-radar development too.


Shannon Code
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Shannon Code Entrepreneur
Chief Architect
Dalas seems to be a big one, and seattle. I'm also working with bitcoin related ventures, specifically Mastercoinhttp://www.mastercoinfoundation.org/
Jacob Gostylo
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Jacob Gostylo Entrepreneur
Bitcoin Expert and Developer
Not sure about other places but here is a case for Austin:

-David Johnston lives here (co-founder of BitAngels)
-Open Transactions started here (though it has since moved to Switzerland to get away from US regs)
-First women's crypto organization was started here.
-Texas Bitcoin Association is basically Austin being welcoming
-Texas Bitcoin conference was surprisingly big considering it was a first for our area and started kind of grassroots from Meet-ups
-Meetup scene is pretty lively from generic crypto to crypto dev to Mises and crypto.
-Cointerra is here.
-Texas is one of the few if not the only state to provide clear guidance on crypto and the guidance is very favorable for a crypto business. (basically saying buy and selling your own is not money transmitting. Holding crypto for others is not money transmitting)
Scott Foster
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Scott Foster Advisor
Business and Entrepreneurial Attorney at Bulkley Richardson
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Trevor Collins
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Trevor Collins Entrepreneur
Crowdfunding Entrepreneur & Co-Founder of 100 Danish
If I were in your position, I would go to the location where you think the most Bitcoin startups are going to grow into big players. And I think it will end up being heavily skewed towards one locale. You want to be in the ecosystem where a rising tide is floating all boats.

To figure this out, I might look where Marc Andreessen is investing. Coinbase, which he put in $25m into, is located in San Fransisco. Since Marc is the Bitcoin figurehead at the moment, I would track every single Bitcoin startup he touches - which he's indicating will be several.

If you do decide to hop over to SF, I'm also happy to introduce you to a good friend who is one of the first employees at Crowdtilt. Crowdtilt is a group money pooling/crowdfunding website that Andreessen has also invested in. Hope that's a small help.
Andy Keil
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Andy Keil Entrepreneur • Advisor
Building smart products at Waldo Photos
Here's a second vote for Austin.

I have someone from Israel staying with me right now and he came to Austin because of the Bitcoin activity.

David Johnson is a great person to talk to.

Naveed Lalani
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Naveed Lalani Advisor
Founder at The Start
Another vote for Austin :)

Portable Boutique (www.portableboutique.com) - my bitcoin startup - is also based here.
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